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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)

Long-Term Uptrend (+90) - SARJPY is in a strong uptrend that is likely to continue. While SARJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid SARJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SARJPY
Open High Low SARJPY Price Change
42.079457 42.079457 42.031311 42.031311 -0.048146
Entry Signal

MarketClub’s Trade Triangles for SARJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 40.224148

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 40.206868

short term up The short-term trend has been UP since Jun 7th, 2024 at 41.702372

Smart Scan Analysis for SARJPY

Based on our trend formula, SARJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42.079457 42.079457 42.031311 42.031311 -0.048146
Prev. Close Volume Bid Ask Time
42.079457 2024-06-19 03:23:05
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